Mortgage rates are approaching 7%, and the Real Estate market in the USA is facing ominous signs.

High borrowing costs are squeezing demand, leading to a nearly 7% drop in the MBA's mortgage application index for the week of the 27th, falling to its lowest level since mid-November.

wallstreetcnJan 3 18:53

Toll Brothers Breaks Ground at Lynnfield Active Adult Community in Lynnfield, Massachusetts

GlobeNewswireJan 3 23:28

Weak Construction Spending Likely a Headwind for U.S. GDP -- Market Talk

WSJJan 3 00:59

November US Construction Spending Flat, Residential Building Up

MT NewswiresJan 2 23:08

Inflation Is Worse for the Young, and Black Families -- Barrons.com

Barron'sJan 1 15:00

In October, house prices in the USA reached a new high, but the growth rate slowed down. An increase in listings helped buyers negotiate, with New York leading the top 20 cities.

The latest data shows that in October, the USA housing price Index reached a record high for the 17th consecutive month, although the growth rate slowed down with a year-on-year increase of 3.6%, down from 3.9% in September. In addition, prices in the 20 major cities rose by 4.2% year-on-year, also a slowdown from the previous month's 4.6%, with New York City experiencing the highest increase at 7.3%.

wallstreetcnJan 1 01:39